Assume you won a worldwide lottery that pays $1.45 million in year 0, $5 million in...

Assume you won a worldwide lottery that pays $1.45 million in year 0, $5 million in year 1, and $200,000 in years 9 through 100. Assuming that 100 years is as “long” as infinity, calculate the perpetual equivalent annual worth for years 1 through infinity at an interest rate of 8% per year. (Enter your answer in dollars and not in millions.)

The perpetual equivalent annual worth for years 1 through infinity is $

Expert Solution

Rahul Sunny answered 2 years ago

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